Daily Wrap Up - Nov 15

Sparring Over Exchange Rates; Exxon's Poise; Sony's Dark Forecast

By IBT Staff Reporter On 11/15/09 AT 10:20 PM

China-U.S. discord on currencies clouds Obama visit

The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions. Read Full Article here.

Exxon shares poised to shine: Barron's

Shares in Exxon Mobil Corp, the world's largest publicly traded oil company, could rise more than 20 percent to $90 next year if energy prices increase as expected, Barron's reported on Sunday. Read Full Article here.

Sony CEO sees no electronics rebound: report

Japan's Sony Corp has seen no sign of a recovery in the consumer electronics market, Chief Executive Howard Stringer said in an interview published on Sunday. Read Full Article here.

Citi to sell Bellsystem stake to Bain for $1 billion

Citigroup Inc said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion). Read Full Article here.

World leaders back delay to final climate deal

U.S. President Barack Obama and other world leaders on Sunday supported delaying a legally binding climate pact until 2010 or even later, but European negotiators said the move did not imply weaker action. Read Full Article here.

Politicians face anti-incumbent mood for 2010

President Barack Obama's Democrats and his Republican opponents enter the 2010 election season facing voters in an anti-incumbent mood over the sour U.S. economy, increasing the political pressure on both sides. Read Full Article here.

Pay limits hamper BofA chief search: report

Bank of America Corp's search for a new chief executive has been hurt by federal pay limits that played a major role in the senior vice chairman of PNC Financial Services Group Inc spurning feelers from the company, the Wall Street Journal reported on Saturday. Read Full Article here.